# The Euro (2002)

URL: https://germany-history.com/timeline/2002-the-euro
Location: Germany
Categories: main-event

On 1 January 2002 euro banknotes and coins were introduced. The Deutsche Mark was withdrawn. The European Central Bank is based in Frankfurt.

## Why it matters
It linked Germany's economy closely to Europe.

Ruler at the time: [Gerhard Schröder](https://germany-history.com/rulers/gerhard-schroder)

## Sources
- [Wikipedia – Euro](https://en.wikipedia.org/wiki/Euro)
- [Encyclopaedia Britannica – Euro](https://www.britannica.com/topic/euro)